TOOL · GROSS COST

How much would a basic income cost in São Tomé & Príncipe?

Calculate the gross annual cost of paying a monthly amount to the country’s adult and child population.

Country

Adult population 142,493child population 88,378year 2023World Bank WDI

Monthly amount per adult

Monthly amount per child

GROSS ANNUAL COST

1,792 million

in STNSTN 1,792,147,200

Equal to 11.5% of reference GDP

Population covered: 230,871 people

Adults: 142,493 × STN 800 × 12 = STN 1,367,932,800

Children: 88,378 × STN 400 × 12 = STN 424,214,400

STN 1,367,932,800 + STN 424,214,400 = STN 1,792,147,200

Offset benefits, recovered tax, administrative savings and later economic effects are not deducted. This is a gross cost, not a net cost.

Sources and method

Population 2023 · World Bank WDI

GDP 2023 · $690,456,807 · World Bank WDI

Currency STN · exchange rate 22.6584 STN/USD (2023)

Converted cost $79,094,077 for the GDP share.